Markets are on board with the Fed’s ‘higher for longer’ policy, CNBC survey shows
Respondents, including economists, strategists and analysts, believe the Fed is now on hold into September of next year.
62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
The number of workers who say they are stretched thin has remained stubbornly high as inflation weighs on American households.
Pfizer swings to quarterly loss due to Paxlovid, Covid vaccine write-offs
The results come two weeks after Pfizer slashed its full-year adjusted earnings and revenue guidance and launched a sweeping $3.5 billion cost-cutting plan.
Sam Bankman-Fried has one more shot at avoiding prison as criminal trial set to wrap up
FTX founder Sam Bankman-Fried will finish his testimony on Tuesday, leaving his fate in the hands of a Manhattan jury
Zombie firms are filing for bankruptcy as the Fed commits to higher rates
Businesses with rising debt and sinking sales are filing for bankruptcy, a sign of healthy creative destruction to U.S. central bankers.
Winners and losers of the UAW talks with GM, Ford and Stellantis
Fain and the union are clear winners at the end of bargaining, but others like Tesla and President Joe Biden may also come out ahead.
Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro
Ahead of the all-important holiday shopping season, the new chips will refresh Apple’s Mac lineup.
Pinterest jumps on better-than-expected third-quarter results
Pinterest topped analysts’ estimates for earnings and revenue in the third quarter
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
Tesla short sellers have made more than $3 billion since the company’s third-quarter earnings call, according to data from Ortex.
Alphabet CEO Sundar Pichai defends Google’s search deals in antitrust trial
It was the first opportunity for the government’s attorneys to press Google’s top executive in open court on actions to secure its search dominance.
